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Hi, I was trying to find some logical answers on why not and why to instead of testing it using statistics then blindly trade it because "backtesting" results shows to do this. How about you yourself? Let's say it's 25 pips from your level you want to enter, Sales comes out, touches, do you...

Yes or no and why? What logical reason? No because if I was looking to buy support and it pushes price down the sentiment is now bearish?

i've heard 20% is speculative but wouldn't that mean the rest is random? That's a pretty high % movement is random due to businesses?

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Thank you all for the insane number of replies, I have read and will study all your suggestions and currently reading the 2 book suggestions. I will update you guys on my progress and ask questions, thank you.

1) Forex 2) 1Hour 3) 8 Hours + 4) Never tried, any recommendations? 5) 8 Hours + 6) Money is not an issue. I am using a demo and super small sized accounts, but it frustrates me, it is not losing the small money.

Thank you. Do you trade this method? Who is this guy?

2 years of trying, I have tried everything and nothing works. Please point me in a direction. I have run out of ideas. Books, articles anything. I am not ready to give up yet though, I still believe & have faith.

1) We see a Resistance Level Broken on the chart however price has not retested for entry. http://prntscr.com/cyc99n 2) However on the lower time frame such as 15minute it has retested. http://prntscr.com/cyc9qt So which one should I follow? Wait for hourly to retest? Or go down to a lower...

A or Bs resistance? http://prntscr.com/cmkx9s I also feel retests makes me miss out on a lot of moves.

http://prntscr.com/cmjxc4 A or B? Second question Can horizontal support and resistances that forms a slanting trendline in a wedge/triangle be used or significant? http://prntscr.com/cmjykd Whats the rule?

Years of years of hard work, you have made enough money for yourself, anyone feeling burnt out and just don't care anymore?

This is what I was looking towards, reducing risk as no.1 priority, get most to break even, even a 50% winners would be huge since most losers are break even.

Thank you, sorry if I sounded offensive, not really good at expressing what I want to say in words.

Really? I feel if our trade idea was to be short on a certain level, if it consolidations and ranges around there, the trade idea is invalidated because it is basically almost 50/50 on a breakout of either direction. Not sure though, will test it out.

Not my level, was talking about levels that I identify, where buyers/sellers should come in. Of course not every level will hold, that's why there are stop losses. But generally speaking a level identified should have a reversal immediately instead of stalling, looking indecisive, if it breaks...

Talking about reversals on levels. Is it safe to assume that you are mostly depending on luck if it just stalls and moves sideways, up and down, if it breakouts in your favor, it's just luck? At that point I would like to tighten my stops and see how it goes with little or no risk. What does...

For sure bigger boys will place their stop losses too?

Edit button is gone. Want to add: So how do you take advantage of news events? Use them as a indicator? Volatility?

Is this right? http://prntscr.com/cdmmt4 I have another question. When price spikes up hard, then comes crashing down, why does that happen? I know there are some profit takers, but I have heard because of "Lack of liquidity". What does that mean? Can someone illustrate with an example on...